EBRD pledges an active 2019
The EBRD invested €2bn in the southern and eastern Mediterranean region in 2018, and has set ambitious goals for 2019. Sebastian Shehadi reports.
The European Bank for Recon-struction and Development (EBRD) is increasing its support for the UN’s 2030 development agenda by setting significant goals for 2019.
The bank is thus addressing demands from shareholders at the bank’s annual meeting in Jordan last year.
EBRD president Sir Suma Chakrabarti has declared that the bank will raise both the quality and the quantity of its investments over the next two years, and that he is confident the bank would achieve these ambitious goals.
Meanwhile, the EBRD is discussing the establishment of a foreign investors’ council, to be co-chaired by Egyptian president Abdel Fattah Al Sisi.
The council would assist Egypt in attracting foreign investors, following successful EBRD initiatives in Ukraine and Kazakhstan.
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